Market Order

Brief

A Market order is an order to buy or sell at a current market price.

Details

A Market Order is an order to buy or sell at a current market price.

There can be two types of market orders: At Market and Market Range.

• At Market orders are executed at the available market price. This type of orders quarantee the execution of an order, but not the certainty of the actual price. It means that the order can be executed at a different price than the one you see in the Dealing Rates window at the moment of placing the order.
• Market Range orders are executed at any available price within a specified range. If such prices are not available, the order is cancelled. If the range is set to zero, it means that you wish your order to be executed only at the price you see in the Dealing Rates window and other prices are unacceptable for you. However, if there exists a better price, the order will be executed at this very price.

The period of time while an order remains active until it expires is defined by the Time In Force.
At Market orders have three Time In Force options:

• Good Until Cancelled (GTC).
• Immediate Or Cancel (IOC).
• Fill Or Kill (FOK).

Market Range orders have two Time In Force options:

• Immediate Or Cancel (IOC).
• Fill Or Kill (FOK).

A GTC order means that you want the total amount of your market order to be executed at the available market prices. This order can be partially executed.

An IOC order means that you want the maximum available amount of your market order to be executed at the available market prices. This order can be partially executed. If there is no liquidity the order can be completely or partially cancelled.

A FOK order means that you want the total amount of your market order to be executed at the available market price either immediately or never.

How to open a position.